Cesar Castillo (CCI) filed with the U.S. Bankruptcy Court a motion requesting Court appointment of an official unsecured creditors’ committee. CCI is listed on Schedule B to the petition with an unsecured claim of $6,008,917.52. The motion explains, “As noted in Debtor’s Petition, CCI is listed as one of Debtor’s twenty largest unsecured Creditors. Pursuant…

The U.S. Bankruptcy Court issued an interim order approving Katy Industries’ D.I.P. financing motion. As previously reported, “The DIP Facility is a secured, superpriority, debtor in possession, new money, non-amortizing, multiple draw term loan facility in the aggregate principal amount of $7,500,000. Loans under the DIP Facility shall be available in up to four installments,…

rue21 filed with the U.S. Bankruptcy Court an emergency motion for entry of interim and final orders (i) authorizing the Debtors to assume a consulting agreement and (ii) approving procedures for store closing sales. Gordon Brothers Retail Partners is the consultant. Court-filed documents note, “The liquidation of the Store Closure Assets is expected to yield…

Multiple parties – including Colorado Springs I Medical Properties & Hilliard Medical Properties, Wexford Capital and Custer Corner – filed with the U.S. Bankruptcy Court separate objections to Adeptus Health’s financing motion. Colorado Springs I Medical Properties & Hilliard Medical Properties asserts, “The Objecting Landlords hereby object to any proposed final DIP order that seeks…

BankruptcyData’s detailed analysis and summary of NephroGenex’s Plan of Reorganization, dated May 5, 2017, is now available. The U.S. Bankruptcy Court confirmed the Plan on May 10, 2017; however, an effective date has not yet been issued. BankruptcyData notes, “The Plan contemplates that the Debtor’s unsecured creditors would receive distributions equal to 26.8% to 37.1%…

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